INTERNATIONAL MONTORO RESOURCES INC. ("IMT")BULLETIN TYPE: Private Placement-Non-Broker... DATE: January 08, 2018TSX Venture Tier 2 Company
posted on
Jan 08, 2018 11:06PM
Exploring The Future of Green Resources in Canada
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 20, 2017:
Number of Shares: 3,900,000 shares Purchase Price: $0.05 per share Warrants: 3,900,000 share purchase warrants to purchase 3,900,000 shares Warrant Exercise Price: $0.10 for a two year period Number of Placees: 12 Placees Insider / Pro Group Participation: Name Insider=Y / # of Shares ProGroup=P Donna Terrill Y 100,000 Bruce Bried Y 400,000 Aggregate Pro Group Involvement P 550,000 [ 3 Placees ] Finder's Fee: Haywood Securities, Inc. -$1,600 cash and 32,000 finder's warrants PI Financial Corp. - $4,000 cash and 80,000 finder's warrants Finder's warrants are exercisable at a price of $0.10 for a period of 2 years
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company must issue a news release dated January 5, 2018 announcing the closing of the private placement and setting out the expiry dates of the hold periods. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.